This series 1914 $50 Federal Reserve Note is from the New York District. This note has a portrait of President Ulysses S. Grant on the front with a representation of Panama between two ships on the back.
- The first of the Federal Reserve Notes issued for general circulation.
- Sealed in an inert mylar currency sleeve by PMG.
- Certified as Very Fine-30 by PMG.
- Signatures: Burke/Houston. Friedberg #1030.
- Face: Last printed in 1928 and bears the portrait of President Ulysses S. Grant.
- Back: An allegorical figure of Panama between a merchant and battle ship.
Series 1914 Federal Reserve Notes were the first of this type issued after the Federal Reserve Act passed in 1913, which established the banking system and uniform currency that exists to this day. Denominations from $5.00 through $10,000, and districts A through L (Boston through San Francisco), were established. Add this great collectible note to your cart today!